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Leases

9 Months Ended

Jul. 31, 2024

Note 6 – Leases

The Company does not have financing leases and has only one operating lease for office space and inventory storage space with Just Pick, LLC (“Just Pick”), a related party owned and controlled by Nirajkumar Patel, the former Chief Executive Officer and Director of the Company (see Note 8). Certain of the Company’s leases, have and may in the future, include renewal options, which have been and might be in the future, included in the calculation of the lease liabilities and right of use assets when the Company is reasonably certain to exercise the option.

Cash flow information related to leases was as follows:


		July 31, 2024				July 31, 2023
Other Lease Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	(148,012	)		$	(142,202	)

The following table provides the maturities of lease liabilities on July 31, 2024:


		Operating Leases

Remaining period in 2024 (three months)			58,662
Year ending October 31, 2025			238,800
Year ending October 31, 2026			253,614
Year ending October 31, 2027			274,946
Year ending October 31, 2028			175,989
Total future undiscounted lease payments		$	1,002,011
Less: Interest			(87,250	)
Present value of lease liabilities		$	914,761

At July 31, 2024, the Company had no additional leases which had not yet commenced.